Will definitely enquire into allegations against Nitin Gadkari: Veerappa Moily

October 23, 2012

moily

New Delhi, October 23: A day after Congress General Secretary Digvijaya Singh called for a probe into alleged corporate fraud by BJP President Nitin Gadkari, Union Corporate Affairs Minister M Veerappa Moily today said that the government will "definitely enquire" into the matter.

Mr Gadkari has been accused of using shell companies to fund his business, and of receiving investments from contractors. He has also been targeted by activist-turned-politician Arvind Kejriwal of furthering his business interests at the cost of poor farmers in Vidarbha in Maharashtra.

"Our process is, we first make some discreet enquiry into this. Then find out if there's any violation. Let me see, now that it has come into public domain...we'll definitely enquire into it. And I'll get a report," Mr Moily said.

The Union Minister's promise for a probe into alleged fraud by Mr Gadkari is significant in that it had stoutly defended businessman Robert Vadra, when the latter was accused of alleged corruption by Mr Kejriwal. This happened even before the activist-politician had taken on Mr Gadkari. Mr Vadra is the son-in-law of Congress President Sonia Gandhi.

The Congress, meanwhile, said today that it was for the government to act against the BJP President.

Mr Gadkari has consistently refuted all allegations of a quid pro quo in his business dealings.

Mr Gadkari was the Public Works Department Minister of a Shiv Sena-BJP government in Maharashtra in 1995-99, when a company called Ideal Road Builders was awarded hefty contracts. Ideal did remarkably well in those years - its turnover rose fromRs.41 crore in 1996 to Rs. 67 crore in 1999.

A little after Mr Gadkari demitted office, in 2001, Ideal Road Builders invested in Mr Gadkari's Purti group of companies in 2001, picking up almost Rs. 1.85 crore of shares. Ideal Road Builders has since become a subsidiary of IRB Infra Developers Limited. IRB Infra Developers, in a response to a questionnaire, said in an email, "Ideal Road Builders Private Limited made an investment of Rs. 1.85 crore in equity shares of Purti Sakhar Karkhana in 2001. At that time, investment in sugar factory in Vidarbha region was felt to yield promising returns." Mr DP Mhaiskar, the founder of the Ideal Road Builders, also invested in approximately Rs. 2 crore of shares. Together, they control about eight per cent of Purti Group.

In financial year 2010, the Purti Group received a loan of 165 crores from Global Safety Vision, a company started by DP Mhaiskar. With this one loan, Purti was able to repay all its outstanding debt. Surprisingly, in its last regulatory filings Global Safety Vision had only 1 lakh paid up capital.

Opponents allege that these loans and investments are quid pro quo. But Mr Gadkari has vehemently denied that, saying that he has not done any favours to Ideal Road Builders. He defended his ties with businessman and founder of Ideal Road Builders, DP Mhaiskar saying, "I can accept equity from anyone, there is nothing wrong. I am friends with Mr Mhaiskar and many contractors are my friends... Purti has losses of 64 crores, Mhaiskar loaned me 165 crores from his company, and I have repaid him 64 crores."

But there are other questions about the investors of the Purti Group, which has eight group companies that range from power, sugar, ethanol, alcohol, bio diesel among others.

Mr Gadkari is the chairman of the Rs. 300-crore Purti group, which, apart from sugar, has interest in power and other things. But the BJP chief does not see a conflict of interest in his being a leading politician and a businessman. His latter role, he says, has ceased to be pertinent. "I am the chairman, I am not director. I have resigned," he said. His sugar company is one of the biggest companies in the Vidarbha region; Mr Gadkari said that business is an agriculture cooperative, set up for social good to help farmers in the region driven to suicide.


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News Network
January 18,2020

Shirdi, Jan 18: The administrative body of Sai Baba's Samadhi calls for the indefinite closure of the Shirdi temple after Maharashtra Chief Minister Uddhav Thackeray reportedly said Pathri in Parbhani is Sai Baba's birthplace.

"We have announced to close Shirdi against rumours from January 19," said B Wakchaure of Saibaba Sansthan Trust.

"A meeting of villagers will be convened Saturday evening to discuss the issue. Devotees will not face any difficulty if they come to Shirdi," Mr Wakchaure added.

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News Network
January 22,2020

Jan 22: India's ranking in the latest global Democracy Index has dropped 10 places to the 51st spot out of 167 owing to violent protests and threats to civil liberties challenging freedoms across the country.

Prime Minister Narendra Modi's government has been criticized by rights groups and western governments after shutting off the internet and mobile phone networks and detaining opposition politicians in Kashmir.

Modi’s government has also responded harshly to ongoing protests against a controversial, religion-based citizenship law. Muslims have said their neighborhoods have been targeted, while the central government has attempted to ban protests and urged TV news channels not to broadcast “anti-national” content. Some leaders in Modi’s ruling party called for “revenge” against protesters. India’s score in 2019 was its worst ranking since the EIU’s records began in 2006, and has fallen gradually since Modi was elected in 2014.

The Economist Intelligence Unit’s 2019 Democracy Index, which provides an annual comparative analysis of political systems across 165 countries and two territories, said the past year was the bleakest for democracies since the research firm began compiling the list in 2006.

“The 2019 result is even worse than that recorded in 2010, in the wake of the global economic and financial crisis,” the research group said in releasing the report on Wednesday.

The average global score slipped to 5.44 out of a possible 10 -- from 5.48 in 2018 -- driven mainly by “sharp regressions” in Latin America, Sub-Saharan Africa, the Middle East and North Africa. Apart from coup-prone Thailand, which improved its score after holding an election last year, there were also notable declines in Asia after a tumultuous period of protests and new measures restricting freedom across the region’s democracies.

Asia Declines

Hong Kong, meanwhile, fell three places to rank 75th out of 167 as more than seven months of violent and disruptive protests rocked the Asian financial hub. An aggressive police response early in the unrest, when protests were mostly peaceful, led to a “marked decline in confidence in government -- the main factor behind the decline in the territory’s score in our 2019 index,” the group said.

In Singapore, which ranked alongside Hong Kong at 75th, a new “fake news” law led to a deteriorating score on civil liberties.

“The government claims that the law was enacted simply to prevent the dissemination of false news, but it threatens freedom of expression in Singapore, as it can be used to curtail political debate and silence critics of the government,” EIU analysts said.

China’s score fell to just 2.26 in the EIU’s ranking, placing it near the bottom of the list at 153, as discrimination against minorities, repression and surveillance of the population intensified. Still, in China “the majority of the population is unconvinced that democracy would benefit the economy, and support for democratic ideals is absent,” the EIU said.

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News Network
February 12,2020

Washington, Feb 12: US President Donald Trump said on Tuesday he would sign a trade deal with Prime Minister Narendra Modi if 'it was the right one'.

The two countries have been trying to reach a limited trade pact with lower tariffs, but talks have run into problems over issues with data privacy and e-commerce controls.

Trump further said that he is looking forward to his visit to India later this month where millions of people would welcome him. "He (Modi) is a great gentleman and I look forward to going to India. So, we'll be going at the end of the month," Trump told reporters in his Oval Office, a day after the White House announced dates of his anticipated India trip.

Responding to a question, the president indicated that he is willing to sign a trade deal with India if it is the right one. "They (Indians) want to do something and we'll see... if we can make the right deal, (we) will do it," said Trump, a fortnight ahead of his visit to the country as the 45th US president.

India's new Ambassador to the US, Taranjit Singh Sandhu told PTI that Trump's forthcoming visit is a "reflection of the strong personal rapport" between Trump and Modi. "It also demonstrates their strong desire to take the relationship to new heights," said Sandhu, who had presented his credentials to Trump in Oval Office last week.

Over the last three years, Trump and Modi have developed a personal friendship and in 2019, the duo met four times including their joint address before a strong 50,000 crowd of Indian Americans in Houston.

This year, they have spoken over the phone on two occasions, including the one over the weekend. "Just spoke with Prime Minister Modi," Trump told reporters on Tuesday in response to a question on his India visit.

Excited to travel to India later this month, said Trump referring to his conversation with Modi during which the prime minister apparently told him about the hundreds and thousands of Indians who would be there to welcome him in Ahmedabad.

Trump jokingly told reporters that now he will "not feel good" about the size of the crowd that he addresses in the US which is usually between 40,000 to 50,000. "He (Modi) said we will have millions and millions of people. My only problem is that last night we probably had 40 or 50,000 people... I'm not going to feel so good... There will be five to seven million people just from the airport to the new stadium (in Ahmedabad)," Trump said.

"And you know (it) is the largest stadium in the world. He's (Modi) building it now. It's almost complete and it's the largest in the world," Trump said. The two leaders are expected to joint address a massive public rally at the newly build Motera Stadium in Ahmedabad.

Being built at an estimated cost of USD 100 million, the Motera Stadium with a seating capacity of 100,000 spectators will be the world's largest cricket stadium overtaking the Melbourne Cricket Ground in Australia.

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Ahmed Ali
 - 
Wednesday, 12 Feb 2020

Waste of money and time.....!!!

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